Tingo (TIO) Environmental, Social & Governance (ESG) Data

On June 7, 2023, Tingo Group, Inc. (the “Company”) held a special meeting of stockholders (the “Special Meeting”). The number of shares entitled to vote at the Special Meeting as of April 24, 2023, the record date, was 163,727,382 shares of common stock (the “Voting Stock”). The number of shares of Voting Stock present or represented by proxy at the Special Meeting was 96,966,952 shares. At the Special Meeting, stockholders (i) approved an increase in the authorized shares of the Company’s common stock from 425,000,000 shares to 750,000,000 shares, (ii) approved the issuance of 26,042,808 shares of Tingo Group’s Common Stock upon the conversion of 2,604.28 shares of Tingo Group’s Series A Preferred Stock, and (iii) approved the adjournment of the special meeting, if necessary or appropriate, to solicit additional proxies if there were insufficient votes at the time of the Special Meeting to approve the Charter Amendment Proposal or the conversion proposal, which proposal is referred to as the “Adjournment Proposal.”. Set forth below are the final voting results for each of the proposals.

Proposal No. 1 - Increase in authorized shares of the Company’s common stock

The stockholders approved an amendment to the Company’s Certificate of Incorporation to increase the authorized shares of the Company’s common stock from 425,000,000 shares to 750,000,000 shares. The voting results were as follows:


Proposal No. 2 - Issuance of 26,042,808 shares of Tingo Group’s Common Stock upon the conversion of 2,604.28 shares of Tingo Group’s Series A Preferred Stock

The stockholders approved in accordance with Nasdaq Listing Rule 5635(a), the issuance of 26,042,808 shares of Tingo Group’s Common Stock upon the conversion of 2,604.28 shares of Tingo Group’s Series A Preferred Stock. The voting results were as follows:


Proposal No. 3 - approve the adjournment of the special meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of the Special Meeting to approve the Charter Amendment Proposal or the conversion proposal, which proposal is referred to as the “Adjournment Proposal.”

The stockholders approved the adjournment of the special meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of the Special Meeting to approve the Charter Amendment Proposal or the conversion proposal, which proposal is referred to as the “Adjournment Proposal”:



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